Written on Tue, 07/27/2010 - 4:54am
By Chip Brian
Below are the top five companies in the Health Care Technology industry as measured by the short interest ratio. A higher short interest ratio may indicate the potential for a sizeable short squeeze.
Quality Systems (NASDAQ:QSII) has a short interest ratio of 19.3 based on average daily volume of 320,000 shares and 6.2 million shares short. That equates to 21.4% of the 28.9 million shares outstanding.
athenahealth (NASDAQ:ATHN) has a short interest ratio of 11.7 based on average daily volume of 1 million shares and 11.9 million shares short. That equates to 35.9% of the 33.1 million shares outstanding.
Cerner (NASDAQ:CERN) has a short interest ratio of 9.4 based on average daily volume of 869,000 shares and 8.2 million shares short. That equates to 9.9% of the 82.2 million shares outstanding.
Merge Healthcare (NASDAQ:MRGE) has a short interest ratio of 8.1 based on average daily volume of 323,000 shares and 2.6 million shares short. That equates to 3.2% of the 82.8 million shares outstanding.
Allscripts-Misys Healthcare Solutions (NASDAQ:MDRX) has a short interest ratio of 6.3 based on average daily volume of 1 million shares and 10.7 million shares short. That equates to 7.3% of the 146.2 million shares outstanding.
SmarTrend is bearish on shares of ATHN and our subscribers were alerted to Sell on February 26, 2010 at $37.75. The stock has fallen 28.5% since the alert was issued.
RSS